STATE of Real Estate/Infra stocks.
Since
last 8-10 months i have been on a clear avoid on Real estate or Infra
structure related stocks as trading or investment bets and had also
mentioned that the over-hyped sector of the bull run generally tend to
lose 90% or more from their highs.
Many
of the stocks have seen this where stocks have come down to 5 % from
highs leading to mass erosion of wealth irrespective of where one
entered.
Just
taking a few stocks which seem to be in a confused state...All near Oct
lows and forming a base but is it RELIABLE for a bounce or shoot up to
higher end ???...
Many
of the stocks in the sector look exactly similar ... have only picked 3
of them for observation.Jai prakash looks the most positive of all
though.
Can
they give a sharp pullback or a similar drop like before is the
question ... Next few months will differentiate the good ones from bad
ones maybe.
Charts only for reference not a trading call or recommendation.
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Best Regards,
Nooresh
09819225396
noorrock2002@gmail.com , meraninooresh@yahoo.com
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